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One of Britain’s biggest professional services firms has acquired a 10 per
cent stake in a start-up smartphone app developer in exchange for giving the
company access to the firm’s blue-chip clients.

KPMG will use Chelsea Apps Factory as its apps supplier but will not pay the
company for its 10 per cent share. It said that the partnership with
Chelsea, which has created 100 mobile apps since it was set up three years
ago, would be the first of many in its new Digital Innovation Network.

Simon Collins, UK chairman of KPMG, said that there was “huge appetite” among